Bond Default definition

Bond Default means, in respect of a Bond, a Bond has become capable of being declared due and payable before it would otherwise have been due and payable as a result of, or on the basis of, the occurrence of a default, event of default, or other similar condition or event (however described in the terms and conditions governing such Bond), notwithstanding any grace period set forth in the terms and conditions governing such Bond.

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Bond Default means a material default as defined within an Issuer’s Bond documents, but does not include for the purposes of this definition, defaults that are technical in nature such as a failure to maintain covenants, failing to charge rates sufficient to meet rate covenants, failing to maintain insurance on the Project, or failing to fund various reserves.

Bond Default means a material default as defined within an Issuer's Bond documents, but does not include for the purposes of this definition, defaults that are technical in nature such as a failure to

Examples of Bond Default in a sentence

UBS Securities LLC W▇▇▇▇ Fargo Advisors, LLC W▇▇▇▇ Fargo Securities, LLC W▇▇▇▇ Fargo Investments, LLC Bloomberg FT Interactive Data Corporation International Data Corporation Loan Pricing Corporation Markit 1 The Bond Default Rating used from RiskCalc should be the LOWER of the 1-year or 5-year rating outputs.
No waiver of any default or Bond Default hereunder, whether by the Trustee pursuant to the provisions of Section 8.10 or by the Bondowners, shall extend to or shall affect any subsequent default or event of default or shall impair any rights or remedies consequent thereon.
The Guaranteed Party shall notify CGIF of any Bond Default promptly upon becoming aware of its occurrence or being notified by the Issuer or any other related party.
Upon the occurrence of a Bond Default, the Trustee, may, in addition to acceleration as provided in Section 8.02, pursue any available remedy by action at law or suit in equity to enforce the payment of the principal of, premium, if any, and interest on the Bonds.
Upon the occurrence of a Bond Default set forth in Section 8.01, the Trustee may, and upon the written request of the Bondowners of more than 50% of the aggregate principal amount of Bonds then Outstanding shall, by notice in writing delivered to the Issuer and the Company, declare the principal of all Bonds then Outstanding and the accrued interest thereon immediately due and payable, and such principal and interest shall thereupon become and be immediately due and payable.

More Definitions of Bond Default

Bond Default as used in the Reimbursement Agreement, means the occurrence of an Event of Default under Section 610(h) of the Trust Indenture or under Section 201(d)(5) of the Trust Indenture, or any corresponding default under the Loan Agreement referred to in the Trust Indenture.

Bond Default means any default, event of default or other similar occurrence or circumstance under any Bond Indenture or the other applicable Bond Documents.

Bond Default means the occurrence of a default that may give rise to an acceleration of some or all of the Bonds, or any event that may give rise to a mandatory or special redemption or tender of some or all of the Bonds, under any Transaction Document.

Bond Default means a material default as defined within an Issuer's Bond documents, but does not

Bond Default has the meaning given to the term Events of Default in Condition 13 of the Bond Conditions.

Bond Default means any event or condition which, with the lapse of time or the giving of notice, or both, would constitute a Bond Event of Default.

Bond Default means the occurrence of an Event of Default under Section 601(h) of the Trust Indenture or under Section 201(d)(5) of the Trust Indenture, or any corresponding default under the Loan Agreement referred to in the Trust Indenture.